Sponsor by Innity

Sponsor by cwyeoh

Sponsor by Nuffnang

Friday, February 8, 2013

PERISAI PETROLEUM TEKNOLOGI BERHAD is engaged in investment holding and the provision of management, administrative and financial support services to the subsidiaries. The Company provides technology solutions for pipe laying, de-commissioning of un-economic facilities, marginal field development and subsea technologies. It provides specialist services in areas that include manufacture, supply, commission and installation of corrosion control products; inspection and maintenance of pipes, pipelines, risers and heat exchangers; pipe laying services ranging from 6 inches to 60 inches; installation of top sides; decommissioning of facilities ( at the end of their useful life ); small and marginal field development solutions; enhanced oil recovery, and deep water technologies. In September 2008, the Company acquired SJR Marine (L) Ltd. In December 2008, the Company disposed Merit Composites Sdn. Bhd. In March 2008, it sold Corro-Shield (M) Sdn. Bhd. and Orinippon Trading Sdn. Bhd.

My notes based on 2012 quarter 4 report (number in '000):-
- Higher revenue than FY11Q4 mainly due to the revenue contribution from The Mobile Offshore Production Unit (“MOPU”) under Garuda Energy (L) Inc a wholly-owned subsidiary of Perisai; and the offshore support vessels under the Intan Group which is a 51% owned subsidiary of Perisai

- Lower pbt mainly due to the impact from the impairment of investment in associate amounting RM16.98 million and impairment of cold stacked vessels amounting to RM7.89 million

- Higher pat mainly due to reversal of deferred tax liability following the disposal of vessels to a Labuan based entity within the Group